U.S. stocks cap second day of solid gains fueled by Big Blue

KateGibson

NEW YORK (MarketWatch) -- U.S. stocks on Tuesday surged higher for a second day after IBM Corp. hiked its outlook and said it would buy back $15 billion of its stock, helping offset earlier pressure brought on by surging inflation and declining consumer confidence. The Dow Jones Industrial Average
DJIA, +0.36%
climbed 114.7 points to close at 12,684.92. The S&P 500
SPX, +0.32%
gained 9.48 points to finish at 1,381.28, while the Nasdaq Composite
COMP, +0.30%
rose 17.51 points to 2,344.99.

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